to an exceptionally rich set of family characteristics - including income, wealth, education, occupation, crime, and … health. Using a machine learning approach, I show that conventional analyses using parental income only considerably … underestimate intergenerational dependence. This underestimation is concentrated at the extremes of the child income distribution …

Following Sen's (1973) characterization of the Gini coefficient as a ratio between a measure of aggregate income …-based stress ("depression" in Sen's terminology) and aggregate income, we transform the Gini coefficient into a social welfare … income and to aggregate income-based stress (income inequality), a desirable property that a social welfare function in which …